Multiple Choice
18-23.From the lender's perspective,the major risk involves:
A) delays in construction
B) interest rate changes
C) permanent construction
D) failure of the value of the collateral to increase in proportion to the expenditures
Correct Answer:

Verified
Correct Answer:
Verified
Q37: When a construction loan is made and
Q38: A large proportion of the covenants and
Q39: 18-30.A rolling option would most likely be
Q40: Land loans are considered to be:<br>A) risky<br>B)
Q41: 18-28.Instead of buying land outright,many developers prefer:<br>A)
Q42: 18-27.Land loans will rarely exceed 60% of
Q43: 18-32.The two types of impact fees are:<br>A)
Q44: 18-29.The following affect option premiums:<br>A) length in
Q46: Rolling options are popular with:<br>A) speculators<br>B) residential
Q47: 18-43.Release provisions written into ADC loans are